Aama Equity Correlations

Mutual Funds . USA . 
Fund . Aama Equity Fund
AMFEX Fund  USD 20.37  0.08  0.39%   
The current 90-days correlation between Aama Equity Fund and Pimco Diversified Income is 0.16 (i.e., Average diversification). The correlation of Aama Equity is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Aama Equity Correlation With Market

Almost no diversification

The correlation between Aama Equity Fund and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aama Equity Fund and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aama Equity Fund. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with Aama Mutual Fund

  0.62AMFIX Aama Income FundPairCorr
  0.99VTSAX Vanguard Total StockPairCorr
  0.95VFIAX Vanguard 500 IndexPairCorr
  0.99VTSMX Vanguard Total StockPairCorr
  0.99VITSX Vanguard Total StockPairCorr
  0.99VSMPX Vanguard Total StockPairCorr
  0.99VSTSX Vanguard Total StockPairCorr
  1.0VFINX Vanguard 500 IndexPairCorr
  1.0VFFSX Vanguard 500 IndexPairCorr
  1.0VINIX Vanguard InstitutionalPairCorr
  1.0VIIIX Vanguard InstitutionalPairCorr
  0.96SPGSX State Street PremierPairCorr
  0.93TLCYX Touchstone Large CapPairCorr
  0.82GAB Gabelli Equity TrustPairCorr
  0.93GAPIX Goldman Sachs EquityPairCorr
  0.65LIGYX Loomis Sayles InternPairCorr
  0.98VWELX Vanguard WellingtonPairCorr
  0.96ARIDX Amg River RoadPairCorr
  0.96AMEIX Equity GrowthPairCorr
  0.93WWLAX Westwood Largecap ValuePairCorr
  0.8PGAIX Pimco Global MultiPairCorr
  0.98DFMAX Davidson Multi CapPairCorr
  0.99ILESX Fisher InvestmentsPairCorr
  0.93SAGAX Ridgeworth InnovativePairCorr
  0.97AMGIX Income GrowthPairCorr
  0.98AMGOX Alger Mid CapPairCorr
  0.94FSEIX Nuveen Mid CapPairCorr
  0.98MLMAX Global E PortfolioPairCorr

Moving against Aama Mutual Fund

  0.86KF Korea ClosedPairCorr
  0.32BRUFX Bruce Fund BrucePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Aama Mutual Fund performing well and Aama Equity Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Aama Equity's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

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